Large language model features
ValidMind offers several specialized features that use large language models (LLMs) to streamline model risk management and ensure regulatory compliance. Here’s how we approach these features and what you need to know.
Our philosophy
At ValidMind, our approach to AI features, particularly in testing and risk management, reflects a philosophy of drinking our own champagne or using our own products. This means that while we create risk management tools for our users, we also rigorously apply these tools and practices within our own product development.
Our testing methodologies and philosophy around testing are readily available, and we openly share information about our approach. Specific test results are also available on request, allowing us to demonstrate the same standards of robustness and compliance that we promote for our users.
Our features
ValidMind enhances model documentation, testing, and compliance workflows, providing your team with tools for effective model governance.
Test interpretation
Interprets results from tests run within ValidMind. This feature generates a description of the tests, highlights key insights from the outcomes, and provides a summary with actionable takeaways.
- Why it matters
- Test interpretation makes it easier for developers and validators to understand the implications of each test.
Risk assessment
Using data from test results, generates a tailored risk assessment for each section of model documentation. This feature aids in identifying potential risks based on the model’s performance and results.
- Why it matters
- Risk assessment provides a foundation for better-informed decision-making.
Qualitative checks
Leverages metadata from the model inventory, test outcomes, and additional data provided to create qualitative sections within model documentation.
- Why it matters
- Qualitative checks ensure that essential contextual information is accurately documented and aligned with the model’s purpose and scope.
Document checker
Reviews model development documentation to ensure it aligns with relevant regulatory requirements.
- Why it matters
- Document checks help teams maintain compliance with specific regulations by flagging areas that may need revision.
What’s next
A commitment to transparency
Understanding our policies shouldn’t feel like deciphering code, so we’ve made our legal texts as clear and accessible as possible. These documents detail our practices in data handling, privacy, AI usage policy, and regulatory compliance.
Try it yourself
Discover how ValidMind’s LLM-powered platform, purpose-built for model risk management teams, enables streamlined and confident testing, documentation, validation, and governance of generative AI models and processes.